I've been exploring hard money lately and how it works in relation to development. If a development needs funding now, and gains this through hard money - The return on that money for an investor could be 100% over an 18 month period. Hard money could be used upfront to fund an option fee, DA and consultancy fees. It could also be used toward the build. This gives investors access to cash on cash returns. What I'd like to know is has anyone invested in supplying hard money? Or capital raising for the hard money and receiving a fee? I'd love to speak with someone who understands the industry, the regulations, risks and benefits.